Allegra Beck, the daughter of fashion icon Donatella Versace, has been a subject of much speculation over the years as to whether she owns the Versace brand. In this article, we will explore the truth behind these rumors and shed light on Allegra’s role in the fashion world.
Early Life
Allegra Beck was born in 1986 to Donatella Versace and her former husband Paul Beck. She grew up in the spotlight and was often seen accompanying her mother to fashion shows and events. Allegra’s interest in fashion developed early on, and she went on to study at Central Saint Martins in London.
Role at Versace
In 2004, Allegra inherited 50% of the Versace brand after her uncle Gianni Versace passed away. At just 18 years old, she became one of the youngest billionaires in the world. However, owning 50% of the company does not necessarily mean that Allegra has control over its operations.
While Allegra holds a significant stake in Versace, her mother Donatella is still very much involved in running the brand as its creative director. In fact, it is widely believed that Donatella makes all major decisions regarding design and business strategy.
Recent Developments
In September 2018, it was announced that Michael Kors Holdings had acquired Versace for $2.1 billion. The deal included the purchase of all outstanding shares of Versace, meaning that both Donatella and Allegra sold their shares to Michael Kors Holdings.
As a result of this acquisition, many have wondered what role Allegra will play in the future of Versace. While she no longer holds a stake in the company, it is possible that she will continue to be involved in some capacity given her passion for fashion and her family’s legacy in the industry.
Conclusion
In conclusion, while Allegra Beck did own 50% of the Versace brand at one point, it is important to note that this did not necessarily mean she had control over its operations. Her mother Donatella has long been the face of the brand and continues to be involved in its day-to-day activities.
With the recent acquisition by Michael Kors Holdings, it remains to be seen what role Allegra will play in the future of Versace. However, one thing is for sure – her family’s legacy in the fashion world is undeniable, and Allegra’s passion for fashion will undoubtedly continue to influence her life and career.